• Apps
    • App Store
    • Audio Reader
    • Good e-Reader News
  • Contact
  • Media
    • Advertise
    • Podcast
    • Videos
  • News
    • Android
    • Audiobooks
    • Bookselling
    • Business
    • Digital Publishing
    • e-Books
    • e-Paper
    • e-Readers
    • Libraries
  • Reviews
  • Good e-Reader Store
    • My Account
  • April 24, 2018

Good e-Reader

Get the latest news on e-Books, Audiobooks, Digital Publishing, Manga, Anime and Tablets

Samsung Announces Slightly Lower Profit in its Quarterly Results

January 24, 2014 By Sovan Mandal Leave a Comment

samsung

Companies are now releasing with their quarterly performance report cards, providing the industry with an insight of recent activity. Samsung released its figures, and the findings were a bit disappointing given the dip in profit reported. The South Asian giant announced profit of $7.8 billion for Q4 2013, which is a few notches below the $8.27 billion that the company secured during the same period a year ago.

Samsung defended the slightly lower profit margin, claiming much of that has to do with some “year-end inventory adjustments” that they had made. Other reasons have nothing to do with demand for its range of products, but involves an increase in the advertising budget and a $745 million special one-time bonus that it paid to its employees to celebrate 20 years of the new management initiatives the company adopted. To top these off, the company also had to deal with a stronger foreign currency, which affected exchange rates to the tune of a substantial $700 million.

The company reported brisk sales of its tablet devices with the new Galaxy Note 10.1 (2014). However, its mobile division has taken a beating with revenue going down nine percent during the last quarter. Samsung has already announced a slew of launches in the pipeline which they hope will help combat lower profits. Among the big ticket new releases expected in the new few months is a thoroughly refreshed Galaxy S5 smartphone as well as a new Galaxy Gear successor. Then there is the new Pro line of tablets, which means it could be just a matter of time before Samsung is back with an impressive run at the markets.

Sovan Mandal (2780 Posts)

Sovan Mandal is the senior tablet and tech corespondent for goodereader.com. He brings a international approach to news that is not just applicable to the North American market, but also Asia, India, Europe and others. Sovy brings his own writing flavor to the website and is interested in Science Fiction, Technology and Writing. Any questions, send an email

Author Info

News Items of Interest

  • Samsung Expected to Launch Galaxy Gear Successor SoonSamsung Expected to Launch Galaxy Gear Successor Soon
  • Smartwatch Predicted to Grow to $62 Billion by 2018, Could Incorporate Bendable Display In FutureSmartwatch Predicted to Grow to $62 Billion by 2018, Could Incorporate Bendable Display In Future
  • Samsung Launches New Galaxy Notes, GearSamsung Launches New Galaxy Notes, Gear
  • Increased Investment in R&D and Production Sought For Smart WearablesIncreased Investment in R&D and Production Sought For Smart Wearables
  • Huawei Unveils TalkBand B1 Smartwatch/Fitness TrackerHuawei Unveils TalkBand B1 Smartwatch/Fitness Tracker
  • Samsung Plans New PRO Line of TabletsSamsung Plans New PRO Line of Tablets

Filed Under: Smart Phones, SmartWatches, Tablet PC News, Technology

Follow Us on FacebookFollow Us on TwitterFollow Us on YouTubeFollow Us on RSS



Good E-Reader
Tweets about goodereader

Copyright © 2018 Good e-Reader - Privacy Policy - Terms of Use - Shipping and Return Policy